CHT likely to set 2009 capex at NT$32 billion, says CFO

Chunghwa Telecom (CHT) 2009 is likely to set its 2009 capex at NT$32 billion (US$922 million) compared to an actual capital spending of NT$30 billion in 2008, according to company CFO Joseph Shieh, who also noted that CHT currently holds about NT$80 billion in cash on hand.

CHT currently invests over 90% of its cash holdings in short-term financial instruments, including negotiable certificate of deposit (NCD) and repurchase agreement (RP) transactions, Shieh noted.